Jeppson Wealth Management LLC Raises Holdings in PepsiCo, Inc. $PEP

Jeppson Wealth Management LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the second quarter, Holdings Channel.com reports. The fund owned 6,850 shares of the company’s stock after acquiring an additional 80 shares during the period. Jeppson Wealth Management LLC’s holdings in PepsiCo were worth $904,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Foster Group Inc. lifted its holdings in shares of PepsiCo by 4.6% during the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after purchasing an additional 229 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after acquiring an additional 21,859 shares during the last quarter. Ignite Planners LLC boosted its holdings in shares of PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after acquiring an additional 151 shares during the last quarter. Fulton Bank N.A. boosted its holdings in shares of PepsiCo by 2.5% in the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock valued at $3,342,000 after acquiring an additional 620 shares during the last quarter. Finally, Graybill Wealth Management LTD. purchased a new stake in shares of PepsiCo in the 1st quarter valued at $3,633,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PEP. Citigroup upped their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a report on Friday, July 18th. Barclays upped their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Finally, UBS Group lowered their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $158.60.

PepsiCo Trading Up 0.2%

PepsiCo stock opened at $142.17 on Thursday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The firm has a market cap of $194.64 billion, a PE ratio of 25.90, a P/E/G ratio of 3.58 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock’s 50 day simple moving average is $144.79 and its two-hundred day simple moving average is $139.90.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the firm posted $2.28 EPS. The business’s revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.